Geode Capital Management LLC Has $988,000 Stock Holdings in Riverview Bancorp, Inc. (NASDAQ:RVSB)

Geode Capital Management LLC increased its position in shares of Riverview Bancorp, Inc. (NASDAQ:RVSB) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,781 shares of the savings and loans company’s stock after purchasing an additional 5,551 shares during the quarter. Geode Capital Management LLC owned approximately 1.00% of Riverview Bancorp worth $988,000 at the end of the most recent quarter.

Separately, Empowered Funds LLC increased its stake in shares of Riverview Bancorp by 5.3% in the third quarter. Empowered Funds LLC now owns 89,882 shares of the savings and loans company’s stock valued at $423,000 after buying an additional 4,556 shares in the last quarter. Institutional investors and hedge funds own 69.60% of the company’s stock.

Riverview Bancorp Stock Performance

Shares of Riverview Bancorp stock opened at $5.48 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $115.46 million, a price-to-earnings ratio of 109.60 and a beta of 0.78. The stock’s 50-day moving average is $5.45 and its 200-day moving average is $4.81. Riverview Bancorp, Inc. has a one year low of $3.30 and a one year high of $6.16.

Riverview Bancorp (NASDAQ:RVSB) last posted its quarterly earnings data on Thursday, October 24th. The savings and loans company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. Riverview Bancorp had a net margin of 1.47% and a return on equity of 3.06%. The company had revenue of $18.78 million during the quarter, compared to the consensus estimate of $12.20 million. Equities analysts predict that Riverview Bancorp, Inc. will post 0.18 earnings per share for the current fiscal year.

Riverview Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Thursday, January 2nd will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, January 2nd. Riverview Bancorp’s payout ratio is presently 160.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Riverview Bancorp in a research report on Friday. They issued a “hold” rating for the company.

About Riverview Bancorp

Riverview Bancorp, Inc operates as a bank holding company for Riverview Bank that provides commercial banking services to small and medium size businesses, professionals, and wealth building individuals. It offers a range of deposit products, including demand deposits, negotiable order of withdrawal accounts, money market accounts, savings accounts, certificates of deposit, and retirement savings plans.